Nasdaq Drops 1% as Yields Batter Tech; Trump-Xi Summit Opens — SkimNews
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- U.S. stock futures fell across the Dow, S&P 500, and Nasdaq as surging bond yields battered tech, with the Nasdaq ending over 1% lower, per all three outlets' headlines.
- Xi Jinping landed in the U.S. for the start of a Trump-Xi summit running concurrent with the yield-driven sell-off, which Investing.com and Yahoo Finance both flagged.
Why it matters: All three outlets lead with yields, not the summit, as the trigger — meaning the bond market's repricing is the active force hitting tech, with geopolitics running in parallel. With the Trump-Xi meeting now underway, any trade or tariff headlines could compound the yield pressure on growth names or, conversely, give tech a reason to bounce.
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